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The Los Angeles-based retailer that caters to teen-agse girls and twentysomething women, has askeds a bankruptcy court to buy thre Gottschalks stores and take over the leases of 13 according tocourt documents. Gottschalks filed for bankruptcyh protectionthis year, citing declining revenue and fast-risingv losses, forcing the closure of the 58-store including outlets in Auburn, Davis, Elk Grove, Sacramento and Forever 21 has submitted bids for the two-storyg Gottschalks store at , and another at University Mall in Forever 21 has bid $17.
7 million to buy threre stores in Hanford, San Luis Obispo and Yuba City and take over the 13 The company, which has local stores, has been debutinv larger stores that include menswear, especially after completing a deal for 15 Mervyn’sx stores from bankruptcy court in Gottschalks will close its stores during the next several eliminating about 400 jobs in the four-countyu region — and lowering sales-tax revenue. A judge could approve the deal with Forevetr 21this week.
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